Insider Selling: Amprius Technologies (NYSE:AMPX) CEO Sells 23,529 Shares of Stock

Amprius Technologies, Inc. (NYSE:AMPX) CEO Thomas Stepien sold 23,529 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.34, for a total value of $243,289.86. Following the completion of the sale, the chief executive officer directly owned 602,096 shares of the company’s stock, valued at $6,225,672.64. This represents a 3.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amprius Technologies Stock Up 3.4%

Shares of NYSE:AMPX traded up $0.34 during trading on Tuesday, reaching $10.20. The stock had a trading volume of 4,115,069 shares, compared to its average volume of 8,184,553. The stock has a fifty day simple moving average of $11.72 and a two-hundred day simple moving average of $14.87. Amprius Technologies, Inc. has a 52 week low of $6.66 and a 52 week high of $24.23. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -35.16 and a beta of 2.34.

Hedge Funds Weigh In On Amprius Technologies

Several institutional investors have recently bought and sold shares of AMPX. California State Teachers Retirement System raised its holdings in shares of Amprius Technologies by 1,124.4% in the second quarter. California State Teachers Retirement System now owns 1,957,919 shares of the company’s stock valued at $27,137,000 after buying an additional 1,798,016 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in Amprius Technologies by 355.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,105 shares of the company’s stock worth $29,000 after acquiring an additional 1,643 shares during the last quarter. Nykredit A S bought a new stake in Amprius Technologies during the 2nd quarter worth about $79,000. Headlands Technologies LLC increased its position in Amprius Technologies by 49.0% in the 2nd quarter. Headlands Technologies LLC now owns 36,716 shares of the company’s stock valued at $509,000 after acquiring an additional 12,081 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Amprius Technologies in the second quarter worth about $4,751,000. Institutional investors own 5.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Zacks Research raised Amprius Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Clear Str initiated coverage on Amprius Technologies in a research report on Tuesday, June 2nd. They issued a “strong-buy” rating and a $33.00 price objective for the company. Northland Securities set a $24.00 price objective on Amprius Technologies in a report on Monday, May 11th. Roth Capital restated a “buy” rating on shares of Amprius Technologies in a research report on Friday, May 8th. Finally, Wall Street Zen lowered Amprius Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Amprius Technologies has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Amprius Technologies Company Profile

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.